NORTHMARQ CAPITAL ARRANGES $21 MILLION FINANCING FOR L.A. INDUST. PROPERTY

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LOS ANGELES — NorthMarq Capital has arranged $21 million in first mortgage financing for a 354,809-square-foot industrial building with special improvements located 1444 Alameda Street in downtown Los Angeles. Financing was based on a 7-year term and a 25-year amortization schedule, and was arranged for the borrower by NorthMarq’s Michael Elmore through the company’s correspondent relationship with The Prudential Insurance Co. of America.

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